July 17, 2014

What to Fear if China Crashes

Few moments in modern financial history were scarier than the week of Sept. 15, 2008, when first Lehman Brothers and then American International Group collapsed. Who could forget the cratering stock markets, panicky bailout negotiations, rampant foreclosures, depressing job losses and decimated retirement accounts -- not to mention the discouraging recovery since then?

RECOMMENDED ARTICLES

65 percent of people in 43 countries still have a positive opinion of the U.S., basically unchanged since last year. President Obama has a 56 percent approval rating abroad, significantly down from the good old days of 2009,... more ››

Under black-letter international law, Japan cannot use military force in Taiwan absent China’s consent, even if the Taiwan government requests its assistance. Why? Because the UN Charter’s Article 51 only authorizes... more ››

For more than a decade, the United States has been watching nervously to see how China would choose to wield its formidable and growing economic, political and military powers. The hope, as Robert Zoellick said in 2005 when he... more ››

As the competition between China and the United States intensifies, an interesting question is who is going to make more strategic mistakes or be more likely to make grave strategic mistakes. The answer to this question will... more ››